Research Information System
Research Journal of Politics, Economics and Management, vol.3, pp.31-42, 2015 (Peer-Reviewed Journal)
Besides being one of the main focus areas which economics is involved in, it is
evident that the growth issue also seems to be highly open to change since the
dynamics of growth convert in accordance with the requirements of the era. The
current information age indicates that falling behind The Information and
Communication Technologies (ICT) causes a decline in the economics as well. The
studies suggesting the significance of the subject once again assert that only if it
facilitates the bureaucratic practices will ICT have a direct along with an indirect
contribution to the economic growth.
In the current study, the relationship of administrative requirements, bureaucracy
costs and the information-communication technologies with economic growth is
presented both theoretically and empirically. Covering the period between 2000 and
2011, econometric analysis was carried out by means of a panel data analysis
including the BRICS countries-Brazil, Russia, India, China, South Africa- and MIST
countries - Mexico, Indonesia, South Korea, Turkey. According to the empirical
findings, it was found out that administrative requirements assessed within the
context of business regulations have a positive relationship with growth; whereas
bureaucracy costs negatively affect the economic growth. In contrast, it was
obtained that the information and communication technologies have a positive effect
on growth.